On Wednesday, January 24 (Iran time), the Wall Street Journal published a report referencing statements from officials of the Central Bank of the Islamic Republic, warning of the imminent risk of bankruptcy for Bank Sepah and four other banks in Iran. According to this report, Bank Sepah, which is one of Iran's important financial institutions and is linked to the Islamic Revolutionary Guard Corps, may follow a path similar to that of Bank Ayandeh due to high concentration and granting large loans to its affiliated companies and holdings, potentially leading to its bankruptcy. The author of this report believes that the root of the economic grievances that sparked the Iranian national revolution was the dissolution of Bank Ayandeh.
Wall Street Journal: The Risk of Bankruptcy for Bank Sepah and Four Other Banks in Iran
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The Wall Street Journal reported, citing officials from the Central Bank of the Islamic Republic, on the imminent risk of bankruptcy for Bank Sepah and four other banks in Iran. This bank is at risk of bankruptcy due to high concentration and granting large loans to affiliated companies.
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